Nelson Piquet Junior and his father have today won a libel action against the Renault F1 Team following claims made last year in reference to the 2009 Singapore Grand Prix.

In a statement issued following today's hearing, Dominic Crossley of Collyer Bristow LLP, the lawyer for the Piquets, said:

"Today the Renault Formula One Team apologised in the High Court for defaming my two clients, the motor racing father and son Nelson and Nelsinho Piquet. This marks the start rather than the end of the long journey they are both taking to correct many of the wrongs that took place during last year's 'crashgate' scandal.

They were both treated appallingly by Renault F1 when they dared to reveal the scandal to the governing body; and Nelsinho was abused terribly throughout his absurdly short career in F1. It is to the immense credit of both my clients that they have refused to be deterred from righting the wrongs despite the ferocity of the attacks and the size of the opponents they have had to confront.

Nelson Piquet dominated F1 during the early 80s and his reputation as a motorsport legend should remain untarnished by this saga. F1 has been deprived of the best of Nelsinho and it is to its detriment that his talent is now being demonstrated elsewhere.

Whilst neither of them should ever have had to prove Renault F1's allegations false they are both delighted with the successful conclusion of the case."

In a statement read out in court, counsel for the claimants said:

"My Lord, in this matter, I appear on behalf of the Claimants, Nelson Piquet Junior and Nelson Piquet Senior, and Amber Melville-Brown appears on behalf of the Defendant, Renault F1 Team Limited, the owners of the Renault team.

Nelson Piquet Junior is a Professional Racing Driver and was one of the Defendant's drivers until July 2009. His father, Nelson Piquet Senior, was also a well-known Formula One driver himself and threetime World Champion.

On 11th September 2009, the Defendant issued a Press Release in which they suggested that Nelson Piquet Junior and his father had lied by making false allegations that he and members of the team had caused a deliberate accident at the 2008 Singapore Grand Prix to benefit the Team's other driver. The Press Release came at a time when, as the Defendant knew, the FIA were investigating the circumstances of Mr Piquet Junior's crash at the Singapore Grand Prix.

The Defendant's Press Release also suggested that the Claimants had not only lied in making these allegations but that they had deliberately invented them in order to blackmail the Defendant into allowing Mr Piquet Junior to drive for the Team for the remainder of the 2009 season, and they were therefore guilty of a serious criminal offence.

The Defendant fully accepts - as it did before the World Motor Sport Council ("WMSC") of the FIA and as found by the WMSC in its decision of 21 September 2009 - that the allegations made by Nelson Piquet Junior were not false. Renault F1 Team also accepts that Mr Piquet Junior and his father did not invent these allegations in order to blackmail the Team.